All Forum Posts by: Greg B.

@Account Closed

I'm going through it currently, 3rd month out of 10. I plan on purchasing an owner occupied multi-family when I complete the program. Why did you pull out????

@Daniel Cruz

http://www.biggerpockets.com/forums/311/topics/115313-turn-key-demistified

@Account Closed

Since your family is already involved in real estate investing why not approch them for funding?

@Daniel Cruz What exactly does this Turnkey Company provide and at what price?

You say you have some money to invest so why not call a Realtor and look for ONE property to purchase? A property that needs little if any make-up. Manage it on your own with the help from locals and this site. Learn the business and learn your tolerance level.

Welcome @Shawn O'Shea I'm also another @Greg B. down the road in Syracuse. There should be another Greg from Syracuse chiming in some time soon lol.

Congrats on your property and good luck in 2014

@Lisa Phillips

I just learned about your YouTube page and I've been listening all day at work.

Thank you for the straight forward, no fluff education, LOVE THEM

Welcome to Syracuse @Timothy Collette

You should be pleased with the potential our lovely little town possesses. I'm slowly learning the ropes and will be entering the game later on this year so do me a favor and don't buy everything up!

I've lived in the area on and off most of my life. If you need the true nitty gritty on how good/safe or how bad/OMG an area is then give me a shout.

Again, welcome and good luck!

Side Note...

How ethical are most gurus?

I mean, is it possible that these are true examples of flips? Or, are these properties found by students, brought to the gurus "network" of lenders, turned down because they were "too thin" then rehabbed by the very people "teaching" the craft? That is a way to sell seminars and buy great deals nationwide. As you can tell, I'm not very fond of the overpriced "gurus"

Carry on...

Not a real estate lawyer....

You need to stay away from the title

You need to stay away from the loan

If you want this to be advantageous to the both of you have him own the house, set up entity with him as primary/general/etc and you as co-something/limited/etc, open bank account for this entity, have him place HIS property under this entity, collect rents and run like a business.

I'm new here so take this with a grain...ANY help from the more experienced please?

As @Charles Morgan stated, there may be things you can or cannot do. Before buying, contact your local Neighborhood Preservation Association. They will let you know of any oddities that may be involved with renovating these homes. Here is Syracuse our NPA is very accommodating. This wasn't always the case. Before if renovating historic there was no changing the layouts but only bringing it back to life. Now the sky is the limit, some what. There is a beautiful historic builder on our near east side which was approved to allow condos. Plus the developer has gotten grants from the state and many non-profits.

Good Luck @Account Closed !!!